Wingtai 4.35% area perpertual

[sgdividends]

What do u guys think ?

For me, I wonder why they need to issue bonds anyway, their debt to equity is 0.2X .

They are getting it damn cheap since their dated bonds were issued at a yield of 4 to 4.5% pa.

Current SGD perps are all above their IPO price , except hyflux and the oil and gas.
Sembcorp corp recent 3.7% perp is around 100.05 area.

Hopefully someone can asnwer my question.

Where can I find the propsectus or any document ? Can't find in bondsupermart

 

[foozgarden]

whats the sgx code for this?

 

[sgdividends]

whats the sgx code for this?

Not listed on SGX. Non retail, otc

 

[Wood41]

Not scared ?
Another unrated junk bond ?

 

[sgdividends]

Not scared ?
Another unrated junk bond ?

Eh definitely not scared at all.

Look at their debt equity ratio.

Issue now is whether worth it or not.

 

[dork32]

you very powerful. how many of this 200k bonds can you afford to buy?

 

[sgdividends]

you very powerful. how many of this 200k bonds can you afford to buy?

I didn't get allocated previously ..don't have many 200k

 

[uncle168]

noble just defaulted on its perp

 

[sgdividends]

noble just defaulted on its perp

Did they? I didn't follow but noble assets different leh

 

[uncle168]

recently iocbc keep spamming me with perps

its like all these companies who claim to be making tons of money don't have any cash left to burn

hence they gibe high yields around 5% which is worrying

i think the property sector is going to collapse soon suddenly without warning like the oil & gas sector with a sudden overnite gap down in price when people realise there is a huge over supply of completed property left vacant

 

[uncle168]

wing tai risk is its takeover of its malaysian subsidiary

the rm is becoming banana note

soon it would be rm3.50 to sgd

 

[Wood41]

Uncle168 & a few others would scare you till you wet the pants.

Eh definitely not scared at all.

Look at their debt equity ratio.

Issue now is whether worth it or not.

 

[sgdividends]

Uncle168 & a few others would scare you till you wet the pants.

I scared of wood41 the most.

 

[limpoop]

Final yield should be less around 4% I think.

Why not check these bonds IPO not long ago?

SCISP 3.7% Perp $100 + 0.25?
STHSP 3.95% Perp $100.8 + 0.25?
HSBC 4.7% Perp $101.5 + 0.25?
MAPLSP 3.95% Perp $100.6 + 0.25?

 

[uncle168]

the guy who brought more fsl trust didn't listen to my advice

 

[Wood41]

Did you advise him to switch to so many other bonds which are doing quite well?

the guy who brought more fsl trust didn't listen to my advice

 

[V_for_Vanilla]

Final coupon only 4.05%.

 

[Wood41]

Must be too many greedy ones.

Final coupon only 4.05%.

 

[OngHuatHuat]

I think buying HSBC bonds from secondary market seems a better bet.